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Chip Gilmour's Five Takeaways from June Economic Index

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Chip Gilmour's Five Takeaways from June Economic Index

We’ve had five years of growth and expansion in Lubbock.

A sign of that growth is the monthly Index surged to a record high of 146.6 in June … up from 146.1 in May and breaking the old record of 146.3 in April.

Construction continues to boom and is extremely healthy – especially when compared to what’s going on in other West Texas communities more impacted by the oil and gas industry.

How steady and stable the Lubbock economy continues to be.

And a big part of that is how diversified the Lubbock economy has become over the years – agriculture, education, health care, service, retail. The diversity helps guard against boom and bust scenarios.

Lubbock National Bank Senior Vice President Chip Gilmour briefs local media each month on the report.